by Ekrem Duman | Jun 22, 2026 | Canada Tax, Country Tax Guides
Accounting › Country Tax Guides › Canada Tax ⚡ TL;DRCanadian employers must withhold income tax, CPP and EI from employees’ pay (source deductions), remit them to the CRA on a schedule based on remittance size, and report annually on T4 slips....
by Ekrem Duman | Jun 22, 2026 | Canada Tax, Country Tax Guides
Accounting › Country Tax Guides › Canada Tax ⚡ TL;DREmployment Insurance (EI) provides temporary income support for those who lose their job, plus maternity, parental, sickness and other special benefits. For 2025, employees pay 1.64% of insurable...
by Ekrem Duman | Jun 22, 2026 | Canada Tax, Country Tax Guides
Accounting › Country Tax Guides › Canada Tax ⚡ TL;DRThe Canada Pension Plan (CPP) is a mandatory contribution funding retirement, disability and survivor benefits. For 2025, employees and employers each contribute 5.95% on earnings between the $3,500...
by Ekrem Duman | Jun 22, 2026 | Canada Tax, Country Tax Guides
Accounting › Country Tax Guides › Canada Tax ⚡ TL;DRCanadian dividends receive preferential tax treatment through the gross-up and dividend tax credit. Eligible dividends (from larger corporations) are taxed more favorably than non-eligible dividends...
by Ekrem Duman | Jun 22, 2026 | Canada Tax, Country Tax Guides
Accounting › Country Tax Guides › Canada Tax ⚡ TL;DRIn Canada, only 50% of a capital gain is included in taxable income (the inclusion rate), taxed at your marginal rate — the proposed increase to 66.67% above $250,000 was cancelled in 2025, so the flat...
by Ekrem Duman | Jun 22, 2026 | Canada Tax, Country Tax Guides
Accounting › Country Tax Guides › Canada Tax ⚡ TL;DRThe First Home Savings Account (FHSA) combines the best of the RRSP and TFSA for first-time home buyers: contributions are tax-deductible (like an RRSP), and qualifying withdrawals to buy a first home...
